Streetbeat News

Assets

BTCUSD

Bitcoin's price hovering around $50,500 could trigger over $15 billion in liquidations on Binance, according to analyst Ali Martinez. Despite recent price drops and warnings of a significant correction, some remain optimistic about Bitcoin's future, with predictions of reaching $250,000 by the end of 2024. Bitcoin's current price is $61,371, showing a 38.94% increase year to date.

Portfolio Pulse from Benzinga Neuro

April 18, 2024 | 1:10 am

LULU

Lululemon Athletica (NASDAQ:LULU) has significantly outperformed the market with an average annual return of 29.86% over the past 15 years, turning a $1000 investment into $50,977.09 today. The company's market capitalization stands at $43.52 billion.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 9:30 pm

BLK

Over the past 20 years, BlackRock (NYSE:BLK) has produced an average annual return of 13.31%, outperforming the market. A $100 investment in BLK 20 years ago would now be worth $1,230.68. BlackRock's current market capitalization stands at $112.13 billion.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 9:30 pm

FR

First Industrial Realty (NYSE:FR) has received mixed ratings from analysts, with recent evaluations ranging from bullish to bearish. The average 12-month price target for FR is $57.8, reflecting a slight increase from the previous target. Analysts from firms like Mizuho, Barclays, JP Morgan, Truist Securities, and RBC Capital have adjusted their ratings and price targets, indicating a dynamic perception of the company's value. First Industrial Realty, a REIT focusing on industrial real estate, has shown strong financial performance with notable revenue growth, high net margin, and effective debt management.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 9:01 pm

ONTO

Onto Innovation (NYSE:ONTO) has significantly outperformed the market with an annualized return of 31.63% over the past 5 years, resulting in an average annual return of 42.95%. A $100 investment in ONTO 5 years ago would now be worth $597.58, showcasing the impact of compounded returns on investment growth. Onto Innovation currently holds a market capitalization of $8.95 billion.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 9:00 pm

MLM

Over the past decade, Martin Marietta Materials (NYSE:MLM) has delivered an average annual return of 16.57%, outperforming the market by 6.27% annually. A $1000 investment in MLM 10 years ago would now be worth $4,678.24, showcasing the impact of compounded returns on investment growth. Martin Marietta Materials currently holds a market capitalization of $36.59 billion.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 9:00 pm

RIG

Transocean has released its quarterly fleet status report, disclosing a total backlog of $8.9 billion as of April 17, 2024. This update provides insight into the company's future revenue potential and operational status.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 8:52 pm

ADTN

ADTRAN announced its decision to close its Greifswald, Germany facility as part of its Business Efficiency Program, expecting to incur costs between $13.5 million to $18.4 million, including severance, lease exit costs, and accelerated depreciation. These charges will be fully incurred in fiscal year 2024, with cash payments extending into 2025.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 8:50 pm

HASI

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) has successfully amended and extended its corporate unsecured credit facilities, increasing the total capacity to $1.625 billion. This expansion includes an increase in the CarbonCount-Based Revolving Credit Facility to $1.25 billion, maintaining the term loan at $250 million, and raising the CarbonCount Green Commercial Paper Note Program to $125 million. The extensions of these facilities aim to address upcoming 2025 maturities and enhance funding flexibility, with interest rate incentives linked to environmental performance metrics.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 8:33 pm

FERG

Ferguson (NYSE:FERG) has significantly outperformed the market with an average annual return of 24.5% over the past 5 years, turning a $100 investment into $302.49 today. The company's market capitalization stands at $42.81 billion.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 8:30 pm